110/1/2019 1

Welcome Collins Retirees

Medical Insurance for 2020

Collins Retiree Volunteers of Iowa

Today We Will Discuss

2020 Retiree health insurance benefitsHRA reimbursement Via Benefits roleChoice of insurance plansFall Open Enrollment PeriodSpecial circumstances

-- break --

Optional SHIIP Welcome to Medicare

10/1/2019 2Collins Retiree Volunteers of Iowa

310/1/2019 3

CRVI Presenters Don Grimm Bob Ocken Joe Wells James Wolfe Jim Green Terry Lamb

Collins Retiree Volunteers of Iowa

10/1/2019 4

Collins AerospaceMartha Vitti

Via BenefitsJason Debonhan

Assisting Today

Collins Retiree Volunteers of Iowa

510/1/2019 5

Collins AerospaceMeeting roomDonielle Jarvela – coordination

VIA Benefits

Unity Point Advantage officePat Hall - reservations

Angela Berns – printed handouts.

CRVI members SHIIP counselors

Thank You

Collins Retiree Volunteers of Iowa

6

Collins Retire Volunteers in Iowa

Volunteering with CRVISocialization Leverage skillsSense of purpose Keep in contactImprove health Make an impact

CRVI partners with United Way 55+.

Contact Kayla Paulson 319.398.5372 x837 Kayla.Paulson@uweci.org

10/1/2019 6Collins Retiree Volunteers of Iowa

710/1/2019 7

Via Benefits Was One Exchange, Towers Watson Medicare insurance services for retirees

• Medicare insurance broker• HRA reimbursement administrator• Medicare insurance plan enrollment

Individual advice about choosing plansNo extra charges or premium markups

• Open Enrollment plan comparisons

Collins Retiree Volunteers of Iowa

SHIIP/SMP*Volunteer counselors help Medicare clients

Assist with Medicare-related matters Address Medicare fraud and abuse Does not recommend or endorse companies Part of Iowa Insurance Division

10/1/2019 8

*Senior Health Insurance Information ProgramSenior Medicare Patrol

Collins Retiree Volunteers of Iowa

Collins RetireeHealth CarePrograms

10/1/2019 9Collins Retiree Volunteers of Iowa

Collins Retiree Overview Retirees Over 65 use Medicare

Medicare A and BAdvantage Plan or Medigap & drug plan

Collins provides an HRA (details follow)

Helps pay Medicare premiumsRetiree and spouse are both eligible

HRA administered by Via BenefitsRetiree must obtain some or all Medicare insurance from Via Benefits to collect HRA

10/1/2019 10Collins Retiree Volunteers of Iowa

Plans Available thru Via Benefits

Medicare Insurance types*Medicare Supplements 41 plans, 2019Advantage Plans 11 plans, 2019Part D Drug Plans 19 plans, 2019

Call Via Benefits or check their web site

*See 2020 offerings in your county after 10/10/19Ask about additional options

10/1/2019 11Collins Retiree Volunteers of Iowa

Medigap plan note:for people who want or already have Plan F or Plan C:

Plan C, Plan F, Plan F (High Deductible)

Medicare law prohibits the sale of these plans to newly eligible beneficiaries on or after 1/1/2020

Keep or buy C, F, F(hd) now or in future 65th birthday on or before 1/1/2020 or On Medicare by disability before 1/1/2020

Not Eligible for C, F, F(hd) any time 65th birthday after 1/1/2020

10/1/2019 Collins Retiree Volunteers of Iowa 12

Health Reimbursement

Arrangement:

HRA

10/1/2019 Collins Retiree Volunteers of Iowa 13

What is an HRA?

Benefit many companies pay to retirees Cash reimbursement for health premiums Eligibility and terms set by employer Often administered by outside agency

10/1/2019 14Collins Retiree Volunteers of Iowa

Collins Aerospace HRA

Collins will continue HRA funding for current retirees

Collins to limit retiree/spouse eligibilityLast date of Hire 9/30/2006Last date of retirement 12/31/2019

Amount depends on years of serviceUp to $669 per year maximum(for employee and spouse)

Any lapse in coverage ends HRA eligibility

10/1/2019 15Collins Retiree Volunteers of Iowa

Via Benefits administers all HRA payments Collins provides the money Via Benefits processes the retiree claims PayFlex is Via Benefit’s payout agent

Retiree must obtain some or all Medicare insurance from Via Benefits to collect HRA

10/1/2019 16

What does Via Benefits do?

Collins Retiree Volunteers of Iowa

HRA Claims Retiree must claim HRA reimbursement Automatic premium reimbursement

Set up with Via Benefits by request No claim form to file For Medigap, Advantage, or drug plan premiums

Paper claims Either recurring and non-recurring claim form Proof of premium payment Resubmitted year-by-year

10/1/2019 17Collins Retiree Volunteers of Iowa

HRA Processing

10/1/2019 18

ViaBenefits

PayFlex Retiree

RetireeClaim

$

$

Collins

Proof of Premium Payment

Claim Form

OptionalAutomatic Premium*

Reimbursement

*For MedigapAdvantage PlanDrug plan

No claim form required

Collins Retiree Volunteers of Iowa

Paper

Set Up Auto

On line

Claim Forms

Via Benefits mails personalized claim forms Member name & bar code pre-printed

Or log in to Via Benefits web site File claims directly on line, or Print your own personalized paper claim forms Still requires proof of payment

Old non-personalized forms are still accepted At least for now

10/1/2019 19Collins Retiree Volunteers of Iowa

3 Personalize Claim Formsfrom Via Benefits

1. Non-recurring claim (as needed)

Lump sum of any premiums already paid Previous year premiums until March 31

2. Monthly “recurring” premiums (once/year)

Medicare Supplement Drug Plan Advantage Plan

3. Monthly Part B premiums (once/year)

10/1/2019 20Collins Retiree Volunteers of Iowa

Nonrecurring Form

10/1/2019 21Collins Retiree Volunteers of Iowa

Recurring Premium Form

10/1/2019 22Collins Retiree Volunteers of Iowa

Recurring Part B Premium Form

10/1/2019 23Collins Retiree Volunteers of Iowa

Proof of Payments

SS “Benefit Amount” letter (current year)

Part B premiumAdvantage or Drug Plan

SSA 1099 tax statement (prior year)

Part B premiumAdvantage or Drug Plan

Your Financial recordsHealth care premiums paid

10/1/2019 24Collins Retiree Volunteers of Iowa

10/1/2019 25

Example SS “Benefit Amount” letter

Collins Retiree Volunteers of Iowa

Example SSA-1099 Form

10/1/2019 26Collins Retiree Volunteers of Iowa

10/1/2019 27

Medicare Open Enrollment

Collins Retiree Volunteers of Iowa

Open Enrollment Period

October 15 through December 7 Applies to

Advantage PlansDrug Plans

NOT to Medigap (plan “F”, etc.) Evaluate cost of all available plans Change plans or keep the old one

10/1/2019 28

Change through Via Benefits if HRA may be affected

Collins Retiree Volunteers of Iowa

Change Medigap plans? Not annual plans – no yearly enrollment Companies can do “underwriting”

• Look at your health records• Exclude preexisting conditions• Charge extra premiums• Refuse applicant except Initial/Special Enrollment

Can’t buy while Advantage Plan is active Get help from Via Benefits

• Some companies may accept new clients• Preserve HRA eligibility

10/1/2019 Collins Retiree Volunteers of Iowa 29

Reviewing Advantage Plans

Factors to consider for health coverage• Your address is in the covered plan area• Network includes your providers• Maximum out-of-pocket limit for the plan• Costs for services• Other healthcare services included• Premiums

Doing nothing will keep the old plan

10/1/2019 Collins Retiree Volunteers of Iowa 30

Both Advantage and Drug Plans What makes drug costs change?

Drug list changes Available plans – pricing & formularies Selected pharmacy (co-pays may differ) Low income assistance

Help is available Via Benefits SHIIP Medicare.gov 1-800-MEDICARE

Obtain some or all Medicare insurance from Via Benefits to collect HRA

10/1/2019 31Collins Retiree Volunteers of Iowa

Special Retiree Situations

10/1/2019 Collins Retiree Volunteers of Iowa 32

Special Situations

Retirement before age 65 Working beyond age 65 Retiree Covered as spouse on

Active Employee medical plan Split age families (both retired)

10/1/2019 33Collins Retiree Volunteers of Iowa

Retirement Before Age 65 High Deductible Health Plan (HDHP)

Collins employee high-deductible plan20% co-pay after deductible is met

2020 Details available from Collins in November

10/1/2019 34

2019 Premiums*

Single $226

Family $452

*25+ yearsvested service

2019 Deductible Out-of-Pocket Maximum

Single Family Single Family

In Network $2500 $5000 $5000 $10,000

Out of Network $3500 $7000 $5500 $11,000

Collins Retiree Volunteers of Iowa

3510/1/2019 35

Early retirees Turning 65 in 2020

Receive an enrollment package from Via Benefits 4 months before 65th birthday.

Prior to your birthday monthSign up for Medicare A and BObtain insurance* through Via Benefits

These conditions must be met to preserve HRAeligibility and any dependent coverage

*Medigap, Advantage, or drug plan

Collins Retiree Volunteers of Iowa

Working Beyond Age 65 Employee Options

HDHP insurance for self and dependentsor

Medicare for self, and for over-65 spouse, orMarket insurance for under-65 spouse

HRA eligibility: Insurance through Via Benefits

Special ConsiderationsTax: Stop HSA contributions 6 mo. prior to Medicare

10/1/2019 36

Any lapse in coverage ends HRA eligibility

Collins Retiree Volunteers of Iowa

Spouse Coverage by Active Employee Family Plan

Medicare Law:• Active Employee may include spouse• Spouse may be employed or retired• Spouse may be under or over 65• Spouse Medicare part B may be deferred• Part B deferral ends:

• If active employment ends• If Family Plan coverage ends

10/1/2019 Collins Retiree Volunteers of Iowa 37

Split-age Families, Both Retired One Spouse over 65

Eligible for HRAMedicare A and BMedicare insurance through Via BenefitsAny lapse in coverage ends HRA eligibility

Other younger than 65 (and dependents)Subsidize rate for Collins retiree HDHP planCoverage moves to HRA when this spouse turns 65

Any remaining dependents lose coverage

10/1/2019 38Collins Retiree Volunteers of Iowa

Contact Access Direct at 800-243-8135 to enroll or to determine it you qualify

Retired spouse (currently on active employee plan) needs to enroll in retiree medical between January 9th

and January 30th, 2020 to be eligible for the subsidized retiree medical plan

If active spouse retires after 12/31/2019, they can be added as a dependent to the retiree’s medical plan and receive subsidized family rate

10/1/2019 39Collins Retiree Volunteers of Iowa

Obtaining Spouse Coveragefor Retired Employee

Collins Retiree Death Benefits

If you retired or terminated prior to Jan 1, 1996 contact the Boeing Service Center at 866-473-2016 regarding a lump sum death benefit

If you retired or terminated after Dec 31, 1995 but before Dec 31, 2012 contact Access Direct at 800-243-8135 for life insurance information

10/1/2019 40Collins Retiree Volunteers of Iowa

Help is Available

Via Benefits 1-866-249-9924https://my.viabenefits.com/collinsaerospace

SHIIP Unity Point St Luke’s Hospital 319-369-7475 SHIIP Mercy Medical Center 319-861-7887 RSVP/SHIIP Jones County 319-739-4221 SHIIP Office, Des Moines 1-800-351-4664 Medicare Office 1-800-MEDICARE (1-800-623-2277) Collins retiree health (Alight Solutions) 1-800-243-8135

https://leplb0120.portal.hewitt.com/web/utc

10/1/2019 41Collins Retiree Volunteers of Iowa

4210/1/2019 42

General Audience Questions? Volunteers are available to help you with individual

questions

---Intermission---

A Welcome to Medicarepresentation will follow

If you have questions about Medicare or Medicare Insurance

Collins Retiree Volunteers of Iowa